This is a fantastic opportunity for Americans to learn some German; the first word they should look up is ‘Schadenfreude,’ as their hopes and dreams of “draining the swamp” are crushed by a completely sold-out establishment politician. I’ve spent the last six months telling people all around the world that Trump was going to win and no one would believe me. Was this a failure of politics or economics? The U.S. political system failed because the economy failed. Bitcoin is providing an honest market solution; the reason it’s being used as an exit is because it offers the real market value for your currency exchange when the other markets have been artificially shut off.
This talk took place on December 3rd 2016 at the Coinscrum {MiniCon}, hosted by Imperial College in London, England: https://www.meetup.com/coinscrum/events/235709468/
Want to hear more about Bitcoin and open blockchains?
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Social Programs don't fail because markets fail. They fail because their premise & assumptions are all wrong
wow Andreas just taught me more in 5 minutes about politics than most of my political science major degree did, I know a bunch of little details and I know the system was corrupt and broke, but no one summarized it like this ….
Love the wk your doing for mankind
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:'(
Andreas, can you subtitle questions in the future (or give them mics) for those of us who like to follow but can only hear your answers?
Please give microphones to the people asking questions next time if you can! Thank you for the videos!
yeees!! take out the garbage!!
Andreas, we thank you….
Love the analogy, Bitcoin to a hydro-electric dam. Well played!
That 'Schadenfreude' sounded like 'Schuldenfreude'. Schulden would be debt. A very different kind of freude (having fun at the expense of others), but you could argue that the same applies to the US.